Spain May Give Residency to Home Buyers Who Spend $204,000

“In coming weeks, we will start to reform the law
regarding foreigners to reactivate demand abroad and contribute
toward reducing housing stock,” Jaime Garcia-Legaz said at a
conference in Madrid. The changes are likely to have the most
effect on Russians and Chinese, he said.

The price level, which is the average for Spain, isn’t
definite, according to a spokesman for the deputy minister. The
measure would replicate agreements established in Ireland,
Portugal and the U.S., he said.